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Tag Archives: Resorts World Manila

Philippines – Resorts World Manila reopens ground floor casino

Resorts World Manila has now resumed some of its casino operations following the lifting of a suspension order from the Philippine Amusement and Gaming Corporation (PAGCOR). The state regulator said that Resorts World’s owners Travellers International Hotel Group, Inc. (TIHGI) had complied with the agency’s required security and safety improvements, which led to the lifting…

Philippines – Attack on Resorts World Manila to force drop in GGR of 14.2 per cent

Malaysian investment bank Maybank Kim Eng believes that the attack on Resorts World Manila in the Philippines and its temporary gaming license suspension will see GGR drop by 14.2 per cent year-on-year. Maybank analyst Rommel Rodrigo believes the reopening of Resort World manila’s casino could be six weeks away. He said: “The adverse long-term impact…

Philippines – PAGCOR suspends Resorts World Manila’s licence

Philippine regulator PAGCOR has issued Resorts World Manila with a suspension order as it awaits the conclusions of an investigation into how a lone gunman set fire to gaming tables in the property, causing 38 deaths. PAGCOR’s chair Andrea Domingo confirmed that Resorts World Manila President Kingson Sian was served with a ‘cease and desist.’…

Philippines – At least 36 dead following attack at Resorts World Manila

At least 36 people have died at Resorts World Manila casino and hotel complex in the Philippines when a lone gunman opened fire and set fire to casino tables. The majority of those that died suffocated on toxic smoke from the fire. Officials have claimed that the incident, that took place shortly after midnight on…

Philippines – Travellers delays second Entertainment City project

Travellers International Hotel Group, a joint venture between Philippines-based Alliance Global Group and Genting Hong Kong is delaying its second casino project destined for Entertainment City in Manila. Travellers said: “The company confirms that it has sought and secured the approval of the Philippine Amusement and Gaming Corp (Pagcor) for a fourth quarter 2020 completion…

Philippines – Philippine operators predict rebound in 2016

Mirroring the spectacular nosedive by Macau’s casino sector, decline in the Philippine gaming market has seen share prices for local operators slashed by half. First Metro Investment Corp. (FMIC) believes that tightly aligned to the Macau sector, the Philippine slump is set to continue. In a report, FMIC said: “Listed Philippine casino and hotel operators…

Philippines – Philippine stocks plummet due to Chinese crackdowns

Macau hasn’t been the only place hit by China’s crackdown on corruption and austerity with operators in Manila’s Entertainment City losing market value. Melco Crown and Bloomberry Resorts have both been hit hard with JPMorgan Chase & Co. predicting that profits will fall across the Philippines by 56 per cent in 2016. Shares in Bloomberry,…

Philippines – Manila adds to Singapore success for MEI

Four years into its operation, performance and operational efficiencies have increased MEI’s share at Resorts World Manila to nearly 80 per cent after opening with 65 per cent of a 1,800-slot machine floor. Experience from four years of operations has led to a dramatic shift in the mix of note acceptors.  The property originally opened with…

Philippines – SHFL to install 100 Fusion Hybrid terminals at Resorts World Manila

SHFL entertainment has begun the installation of its SHFL Fusion Hybrid Multi Game technology at Resorts World Manila in Newport City, Philippines. The Fusion Hybrid platform features a live dealer with user-friendly, 22″ widescreen electronic betting terminals. There are 100 terminals being installed at Resorts World Manila, allowing players to conveniently wager on live games of sic bo, baccarat, and roulette using an…